Real estate consultants sid key property issues, such as home ownership and housing affordability, were not addressed in Budget 2024, which was tabled on Friday evening (Oct 13) by the government.

Mixed reaction from property consultants to Budget 2024

Futures tracking the Nasdaq 100 led Wall Street higher on Friday, putting the tech-heavy index on course for weekly gains as a drop in oil prices tempered inflation concerns.

It has been a busy week for investors, with an interest rate hike from the Federal Reserve and Chair Kevin Warsh's commentary on the future trajectory of borrowing costs.

Nasdaq futures lead Wall St gains as oil retreat eases inflation worries

Indonesia's President Prabowo Subianto said on Friday that he would receive assistance from Malaysia to help contain forest and land fires that have been raging for weeks.

Indonesia to receive assistance from Malaysia to contain wildfires

Capital A Bhd (KL:CAPITALA) has proposed a debt restructuring scheme involving wholly owned subsidiary Move Digital Sdn Bhd, in a bid to resolve its historical liabilities.

Capital A proposes to divest BigPay, Tune Protect stakes under debt restructuring scheme

Engineering and infrastructure specialist Jati Tinggi Group Bhd (KL:JTGROUP) has won a RM72.84 million contract to design and build a high-voltage 275kV cable connection to a data centre's landing station in Banting Technology Park, Selangor.

This marks Jati Tinggi’s third contract win in the last 30 days.

Jati Tinggi bags RM73 mil data centre-linked job in Selangor; its third contract win in a month

Tenaga Nasional Bhd (KL:TENAGA) saw RM3.03 billion wiped off its market value in late-session selling on Friday, following the national utility's announcement it would absorb the government's expanded electricity subsidy for households until the year-end.

TNB sheds RM3 bil market cap after agreeing to absorb subsidy for domestic users

The World Health Organization warned on Friday of a gap in the medical workforce around the world in the 2030s, with a quarter of doctors set to retire in the next decade.

WHO flags growing health workforce gap as workers and patients age

Global equity funds recorded their largest weekly outflow in nine months in the week through September 16, as a surge in oil ​prices heightened inflation concerns and expectations of a Federal Reserve interest-rate ‌increase added to investor caution.

Global equity fund outflows hit nine-month high on inflation fears

Strata Sense Part 3: Managing financial and operational conflicts

Berkshire Hathaway said on Friday that Warren Buffett will step down as the conglomerate's chairman and will become its chairman emeritus, effective immediately.

Warren Buffett steps down as Berkshire chair, becomes chairman emeritus

The yen sank to a two-week ​low against the dollar on Friday after two policy makers at the Bank of Japan dissented from a ‌widely expected decision to raise interest rates, raising doubt among traders about the likelihood of further hikes.

Yen slumps to two-week low after BOJ rate hike underwhelms

AirAsia Group Bhd's (KL:AAGB) operation is sustainable with over RM1 billion cash in hand, group adviser Tan Sri Tony Fernandes said&nbsp;as he dismissed concerns about the airline's finances.

AirAsia sustainable with RM1 bil cash, no govt bailout requested, says Fernandes

Former prime minister Datuk Seri Najib Razak has been allowed house arrest to serve out his&nbsp;remaining sentence for grand corruption.&nbsp;

King consents to house arrest for Najib until August 2028

AirAsia Group Bhd (KL:AAGB) has sold six newly-delivered aircraft since the start of last year, including two in July, in an unusual about-face that points to the financial strain gripping the airline.&nbsp;

Cash-strapped AirAsia takes unusual step of unloading new planes

Budget 2027 could see further sales and service tax (SST) exemptions to reduce costs embedded in businesses, alongside possible personal income tax relief for middle-income taxpayers, according to CIMB Securities.

Budget 2027 may bring SST exemptions, income tax relief for middle-income earners — CIMB Securities

Minister in the Prime Minister’s Department (Federal Territories) Hannah Yeoh has denied signing any house arrest order involving former prime minister Datuk Seri Najib Razak, which has been circulating on social media.

Hannah Yeoh denies signing Najib’s house arrest order

Malaysia Airlines’&nbsp;parent is said to be closing in on an order for Boeing Co 787 Dreamliners as the carrier seeks to renew its long-haul fleet, according to people familiar with the matter. 
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Malaysia Airlines closing in on order for Boeing 787 Dreamliners — Bloomberg

It is unfeasible for rivals to absorb AirAsia Group Bhd's (KL:AAGB) domestic market share even as a contingency plan, the airline’s adviser Tan Sri Tony Fernandes said.

Talks of rival airlines absorbing AirAsia's capacity 'ludicrous' — Fernandes

Keyfield International Bhd (KL:KEYFIELD) slid to a one-year low amid softer accommodation workboat demand and charter rates.

Kenanga says sell-off unjustified after Keyfield hits one-year low

The Bank of Japan (BOJ) raised its benchmark interest rate in a split decision showing dissent within the board as it confronts mounting inflation risks and unusually explicit calls for further policy normalisation from Washington.

Japan's central bank hikes rates in split decision after US pressure

Pakatan Harapan will hold a presidential council meeting on Friday evening to discuss current developments, according to a local news report.

Pakatan Harapan leaders to meet on current political developments — report

Indonesian tycoon Andi Syamsuddin Arsyad agreed to acquire a major stake in miner PT Bayan Resources, setting the stage for him to become one of the biggest players in the global coal industry. 
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Indonesian tycoon close to Prabowo creates coal mining giant

The Democratic Action Party (DAP) said its central executive committee will be meeting on Saturday to discuss and decide on the party's stance and follow-up actions, after former prime minister Datuk Seri Najib Razak was allowed house arrest to serve out his remaining corruption sentence.

DAP respects King’s prerogative on Najib, CEC to meet Saturday to decide party direction

Tenaga Nasional Bhd (KL:TENAGA) will absorb the impact from the electricity tariff fuel surcharge exemption that has been expanded to more households up until the end of this year.

Tenaga Nasional to absorb fuel surcharge for electricity subsidy expansion

Zetrix AI Bhd (KL:ZETRIX) is postponing its cash dividend payout following a court order secured by a substantial shareholder of the digital services firm.

One shareholder's court order holds up Zetrix AI's cash dividend payout

Sunway Medical Group broke ground for the RM800 million Sunway Medical Centre Iskandar Puteri in Johor on Friday, further completing the 2,000-acre Sunway City Iskandar Puteri township development.&nbsp;

Sunway Medical Group breaks ground for RM800 mil Sunway Medical Centre Iskandar Puteri in Johor

The pardon given by the Federal Territory Pardons Board on Friday — for imprisoned former prime minister Datuk Seri Najib Razak to serve the remainder of his prison sentence for his SRC International Sdn Bhd conviction under house arrest until the end of his sentence in August 2028 — on condition that the RM50 million fine he had been given is paid first, sets a precedent for white collar crimes, says senior criminal lawyer Datuk N Sivananthan.

Pardon to serve house arrest sets precedent for white collar and other crimes, says lawyer

TMK Chemical Bhd (KL:TMK) has agreed to acquire Chemical Company of Malaysia Bhd (CCM) from Batu Kawan Bhd (KL:BKAWAN) and its wholly-owned unit Enternal Edge Sdn Bhd for RM939.9 million.

TMK Chemical to buy CCM from Batu Kawan for RM939.9m

All ongoing court cases involving Datuk Seri Najib Razak must continue, national news agency Bernama reported on Friday, citing Prime Minister Datuk Seri Anwar Ibrahim.

Anwar says all legal cases involving Najib must continue — report

Minister in the Prime Minister’s Department (Federal Territories) Hannah Yeoh and Attorney General Tan Sri Mohd Dusuki Mokhtar attended the&nbsp;64th meeting of the Pardons Board for the Federal Territories of Kuala Lumpur, Labuan, and Putrajaya at Istana Negara on Friday.

E Jacqui Chan, Chai Yee Hoong & Rachel Chew

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